Julie Convenience Store sold merchandise for cash to a customer, and recorded a debit to Cash for $371, which included a 6% Sales tax. In the same transaction, they must also:
A) credit Sales Revenue for 300
B) credit Sales Tax Payable for $22.26
C) credit Sales Tax Payable for $21
D) credit Sales Revenue for $371
E) credit Sales Revenue for $393.26
Answer: C) credit Sales Tax Payable for $21
Business
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Indicate whether the statement is true or false
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